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Japan's Softbank buys semiconductor giant ARM for $32 Billion in Cash

Discussion in 'The Hacker News' started by RSS, Jul 18, 2016.

  1. RSS

    RSS New Member Member

    Japanese telecommunication giant SoftBank has confirmed that the company intends to acquire UK chip designer ARM Holdings for almost $32 Billion (£24.3 Billion) in an all-cash deal. ARM has also agreed to this offer from SoftBank and said that its board would recommend the all-cash deal to shareholders. SoftBank will pay nearly $22.5 per ARM share, which is 43 percent more than ARM's closing

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